The sale of Wembley to Fulham FC owner Shahid Khan has moved a step closer, as the Football Association’s board has discussed the terms of a potential £600m deal.
The offer will now be considered by the FA Council, which cannot give the deal approval, but could provide enough resistance to block it. The final decision would be taken by the FA Board.
The FA is thought to believe that the £600m could be invested in football community facilities around the country, providing a significant boost to the game, and to communities across the UK.
Fulham’s owner, Khan, who also owns the NFL Jacksonville Jaguars, has said that his proposed purchase of Wembley would not affect the planned redevelopment of Fulham’s current home, Craven Cottage. He has offered £600m for the national stadium, with the FA retaining the rights for the Club Wembley hospitality venture which is valued at £250m-£300m.